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Someone said to me a while back: “Phil, you are always railing against econometrics but some of the MMT guys and quite a few Post-Keynesians maintain that these techniques are useful and valid”. more »

In the recent issue of the Real World Economics Review there was a rather interesting, if somewhat dense, article by Judea Pearl and Bryant Chen entitled Regression and Causation: A Critical Examination of Six Econometrics Textbooks. Lars Syll, who was earlier sent the paper, has weighed in more »

Written by Steven Hansen
Most realize something is broken in the current economy - and it is aggravating to listen to the litany of "information" pumped out in the media. The Fed continues to talk up the economy and continue to dangle the prospect of… more »

Written by Steven Hansen
In March I penned The Fed Is Scared and Will Not Raise Rates Anytime Soon. It is now five months later and a lot of smart people say the Federal Reserve will begin to hike the zero bound federal funds rate in their September,… more »

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